Can I retire at age 54 with 830,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$68,541$67,930$67,334$66,753$66,185$65,009
2 years$33,931$33,299$32,687$32,093$31,517$30,335
3 years$22,396$21,761$21,150$20,562$19,996$18,846
4 years$16,630$15,997$15,392$14,814$14,261$13,152
5 years$13,171$12,542$11,945$11,378$10,841$9,776
6 years$10,865$10,241$9,653$9,099$8,578$7,559
7 years$9,220$8,601$8,022$7,481$6,976$6,002
8 years$7,986$7,372$6,803$6,276$5,788$4,859
9 years$7,026$6,419$5,860$5,346$4,874$3,990
10 years$6,260$5,658$5,109$4,608$4,153$3,313
11 years$5,633$5,037$4,497$4,010$3,572$2,775
12 years$5,110$4,521$3,991$3,518$3,095$2,340
13 years$4,669$4,086$3,566$3,105$2,699$1,985
14 years$4,291$3,714$3,204$2,757$2,366$1,691
15 years$3,963$3,393$2,893$2,458$2,083$1,447
16 years$3,677$3,113$2,623$2,201$1,841$1,242
17 years$3,425$2,867$2,387$1,978$1,632$1,068
18 years$3,201$2,649$2,179$1,782$1,451$922
19 years$3,001$2,455$1,995$1,611$1,294$796
20 years$2,821$2,281$1,830$1,459$1,156$689
21 years$2,658$2,125$1,684$1,324$1,034$598
22 years$2,511$1,983$1,552$1,204$927$519
23 years$2,376$1,855$1,433$1,096$832$451
24 years$2,253$1,738$1,325$1,000$748$392
25 years$2,140$1,631$1,227$913$673$341
26 years$2,036$1,533$1,138$835$606$297
27 years$1,939$1,443$1,057$764$547$259
28 years$1,850$1,359$983$700$493$226
29 years$1,767$1,283$914$642$445$197
30 years$1,690$1,211$852$589$402$172
31 years$1,617$1,145$794$541$364$150
32 years$1,550$1,083$741$497$329$131
33 years$1,486$1,026$692$457$298$114
34 years$1,427$972$646$421$270$100
35 years$1,371$922$604$387$244$87
36 years$1,318$875$565$357$221$76
37 years$1,268$831$529$329$201$67
38 years$1,221$790$495$303$182$58
39 years$1,177$751$464$279$165$51
40 years$1,135$715$435$258$150$45
41 years$1,095$680$408$238$136$39
42 years$1,057$648$383$219$123$34
43 years$1,021$617$359$203$112$30
44 years$986$589$337$187$101$26
45 years$953$561$317$173$92$23
46 years$922$535$297$160$84$20
47 years$892$511$279$147$76$17
48 years$864$488$262$136$69$15
49 years$836$466$247$126$63$13
50 years$810$445$232$116$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $830,000, adding $5,288 every year, while hoping to spend $51,310 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 62/9/29 Blend
53$830,000$830,000$830,000$830,000
54$920,115$876,125$863,260$969,684
55$959,373$864,461$837,585$992,356
56$1,000,916$850,507$809,331$1,011,087
57$1,044,922$834,095$778,357$1,030,459
58$1,091,587$815,048$744,515$1,050,543
59$1,141,125$793,182$707,652$1,071,422
60$1,193,769$768,297$667,608$1,093,190
61$1,249,774$740,184$624,213$1,115,950
62$1,309,421$708,623$577,294$1,139,821
63$1,373,015$673,378$526,666$1,164,935
64$1,440,891$634,202$472,138$1,191,440
65$1,513,417$590,834$413,511$1,219,503
66$1,590,996$542,995$350,574$1,249,309
67$1,674,070$490,393$283,109$1,281,069
68$1,763,121$432,719$210,890$1,315,016
69$1,858,682$369,645$133,678$1,351,410
70$1,961,336$300,826$51,224$1,390,542
71$2,071,722$225,896$0$1,432,739
72$2,190,543$144,470$0$1,489,740
73$2,318,570$56,141$0$1,568,226
74$2,456,650$0$0$1,652,868
75$2,605,715$0$0$1,748,173
76$2,766,786$0$0$1,857,211
77$2,940,989$0$0$1,975,188
78$3,129,557$0$0$2,102,948
79$3,333,851$0$0$2,241,417
80$3,555,362$0$0$2,391,616
81$3,795,733$0$0$2,554,664
82$4,056,770$0$0$2,731,795
83$4,340,460$0$0$2,924,365
84$4,648,988$0$0$3,133,866
85$4,984,759$0$0$3,361,939
86$5,350,418$0$0$3,610,391
87$5,748,877$0$0$3,881,209
88$6,183,338$0$0$4,176,581
89$6,657,330$0$0$4,498,915
90$7,174,732$0$0$4,850,861
91$7,739,817$0$0$5,235,337
92$8,357,289$0$0$5,655,555
93$9,032,325$0$0$6,115,050
94$9,770,627$0$0$6,617,718
95$10,578,471$0$0$7,167,843
96$11,462,769$0$0$7,770,147
97$12,431,133$0$0$8,429,829
98$13,491,943$0$0$9,152,613
99$14,654,429$0$0$9,944,804
100$15,928,759$0$0$10,813,344